Aquila Services : Annual Reports March 2023

Company Registration No. 08988813 (England and Wales)

Aquila Services Group plc

Annual report and financial statements

for the year ended 31 March 2023

Aquila Services Group plc

Contents

Aquila Services Group plc

Group Highlights

Group Highlights

Our Purpose

• To make a better, more sustainable, and socially responsible world.

Our Vision

• To have a direct beneficial impact on communities and lives in the UK and beyond.
• To offer staff the opportunity to inspire positive change in an environment with a strong social focus.
• To provide investors the opportunity of supporting an organisation that combines strong performance with a positive social outcome.

Our Culture and Values

• We Collaborate - working together to succeed together.
• We Innovate - we challenge the norm.
• We Care - we go the extra mile.

What We Do

Our work helps our clients to develop a response to a changing world and make a positive difference to the communities in which they operate. We work throughout the UK and internationally with clients across housing and regeneration, sport and education, charity and government sectors.

Financial Highlights

For the year ended 31 March 2023

*Underlying operating profit is calculated by adjusting the reported pre-tax profit for share-based payment charges and impairments of goodwill.

Dividend

The Directors propose a final dividend of 0.5p per share (2022: 0.4p). This will be paid on 2 August 2023 to shareholders on the register at 14 July 2023.

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Aquila Services Group plc

Aquila at a Glance

The services that Altair offers cover housing development and regeneration, property asset management, health and safety compliance and building safety advice, strategic financial advice, governance and risk management, executive and non-executive recruitment, technology, transformation and people services. Our commercial, sustainability and international services are areas of investment and growth.

Clients contract with Altair on a fixed-fee basis, through retained contracts in our finance, governance and transformation business streams, and placements for members of the property team at client sites.

Aquila Treasury and Financial Solutions Ltd

ATFS is a specialist treasury management consultancy authorised and regulated by the Financial Conduct Authority that operates across the UK and Europe. It provides advice on treasury policy and strategy, debt and capital market finance, banking and card merchant services, value for money, and financial market information services to local authorities, charities, housing associations, education bodies, private sector housing providers and government bodies.

Work is delivered through fixed price contracts as retained general treasury advisers and information subscription agreements. Specific advisory project contracts are on a fixed fee basis, won through competitive procurement tenders, payable on agreed project milestones.

Oaks Consultancy Limited

Oaks is a specialist sports, charity, statutory and education consultancy operating within the UK and Europe with an increasing international presence. Oaks' clients include national and international sports teams and governing bodies, national and international charities, statutory organisations and local authorities, multi academy trusts and teaching school alliances, housing associations and corporate businesses.

Oaks provides consultancy advice and guidance on strategy and business planning, organisational and cultural change programmes, impact measurement, together with implementation support in relation to income generation and diversification. Contracts are delivered through a mix of fixed-fee projects and retained contracts for general advisory services.

Investments

AssetCore - 5.3% equity holding

AssetCore is a digital financial debt management platform for the affordable housing sector.

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